Panama City Beach Homes under $500,000

9900 S Thomas Drive Unit 2126, Panama City Beach

SUNSET VIEWS FROM THE BALCONY. SUNRISE VIEWS FROM THE PRIMARY BEDROOM. DEEDED PARKING. Shores of Panama 2126 is a beautifully maintained, professionally managed N floor plan featuring one bedroom, a bunk room, two full bathrooms, and a deeded parking space on the 11th floor. Positioned high above Panama City Beach, the condo offers Gulf views in two directions. From the living room and balcony, enjoy views across the resort's lagoon-style pool toward the Gulf, including southwest-facing sunset views. From the primary bedroom, the perspective shifts southeast along Panama City Beach's coastline, offering Gulf and sunrise views from the opposite side of the residence. Inside, coastal decor and LVP flooring throughout create a bright, cohesive interior. The primary bedroom includes a king-size bed and large flat-screen TV. The living room features a new U-shaped, deep-seated pullout sofa and large flat-screen TV. The kitchen is finished with granite countertops and stainless steel appliances, while a front-loading stackable washer and dryer provides in-unit laundry. The HVAC system was replaced in 2020, and the water heater was replaced in 2021. Documented rental income paid to the owner after management totaled $35,284.13 in 2024 and $30,135.85 in 2025. Completed stays through September 29, 2026, generated $27,818.74 after management and before other ownership expenses. Dolce Vita Getaways has also provided a projected annual rental revenue of $44,100, with an estimated range of $35,500 to $54,400 before management fees and ownership expenses. Past performance and projections are provided for informational purposes only and are not guarantees of future rental income. Shores of Panama Resort features one of the largest Gulf-front lagoon-style pools in Panama City Beach. The zero-entry tropical pool includes palm-lined islands, fountains, a spacious hot tub, and direct access to the resort's beachfront area. Additional amenities include an indoor heated pool and hot tub, a 24-hour fitness center, and a seasonal poolside Tiki bar. Located in the heart of Panama City Beach, Shores of Panama places dining, shopping, attractions, and entertainment nearby. Pineapple Willy's is adjacent to the resort, while Laketown Wharf directly across the street offers a variety of dining, retail, and entertainment options including Wharf Seafood Buffet, The Candymaker Ice Cream Shop, PCB Pizza, In Cahoots, The Press, The Bun Lab, 810 Billiards & Bowling, salon services, and more. Additional Panama City Beach attractions and entertainment venues include Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are $3,147.62 per quarter. All information, rental income, projections, HOA fees, assessments, measurements, and property details are deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 2126, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

8485 Dreams Float Court, Panama City Beach

$394,900

2 Beds ⋅ 2 Baths ⋅ 796177 MLS

Discover this perfect FULLY FURNISHED/TURNKEY Camellia Cottage in Phase 5 of the 55+ Latitude Margaritaville Watersound -- ideally positioned on one of the rarest and most desirable lots in the community and just minutes to the Town Center and incoming Publix. This home faces a wide, peaceful green space and natural preserve, offering privacy, quiet mornings, and the kind of view relocation buyers dream of when moving to Latitude and a rare find for a small cottage. This home is being sold fully furnished, turnkey and move-in ready -- including pots, pans, dishes, linens, décor, and high-end Ashley and Rooms To Go furniture. With an accepted offer, the GOLF CART also conveys, making your transition effortless from day one. All appliances convey: washer, dryer, refrigerator, range, microwave, and dishwasher. Thoughtful upgrades add comfort and convenience throughout: -Epoxy garage floor -Designer lighting and fans - Recessed lighting in kitchen - great room, dining, and porch - 20-amp garage outlet for golf cart charging - High-mounted TV jacks at lanai and great room - GFI outlet at porch - Pocket door from primary bedroom to bath - Whole-house faux wood blinds - 12'' cabinet above refrigerator - Kitchen cabinet crown molding - Single-mount kitchen sink with soap dispenser. This lot quality, turnkey furnishings, included golf cart, and lifestyle value make this home an exceptional opportunity for relocation buyers seeking a smooth, stress-free move. Enjoy preserve views from your lanai, host friends in your beautifully furnished great room, and cruise to the Town Center the moment you arrive -- this home delivers the easy, breezy Margaritaville lifestyle without the wait, without the hassle, and without needing to lift a finger. With the Publix underway and many businesses already open, this cottage is just minutes to the retail that is coming to life. Latitude Margaritaville Watersound is the premier 55+ community with literally unmatched private amenities in the area to include a resort style pool, restaurant, 3 bars, state of the art fitness center, dog park, dog spa, woodworking, pottery, full size theatre, pickleball, bocce, tennis, basketball, cornhole, pool table, table tennis and live music 7 DAYS A WEEK and events, groups and clubs galore. You're going to love it here!

8485 Dreams Float Court, Panama City Beach

Listing courtesy of Bob Hodges And Sons Realty.

117 Summer Breeze Road, Panama City Beach

$479,000

3 Beds ⋅ 2 Baths ⋅ 796176 MLS

One man's loss may truly be another buyer's gain at 117 Summer Breeze Road. The current owner invested a tremendous amount of money in getting this home ready for retirement but a change in plans now creates an opportunity to own one of the largest floor plans in Summer Breeze at an incredibly low price for the amount of upgrades and money spent. Designed and upgraded with long-term comfort in mind, this 3BR/2BA residence offers approx. 2,160 SF. Inside, soaring ceilings, crown molding, fresh paint, and refined finishes create a polished coastal feel. The newly updated kitchen features soft-close cabinetry, premium granite, stainless steel appliances, and a sleek tile backsplash. Paid-off solar panels help keep the current electric bill near low, while a newer high-end HVAC system, hybrid heat-pump water heater, updated attic insulation, hurricane shutters, and sprinkler system with private well add serious efficiency and value. Outside, enjoy a private screened pool, fenced backyard, and oversized two-car garage with room for the golf cart. Washer and dryer remain, and the home may be sold furnished. Tucked away on the quiet west end of Panama City Beach, south of Hwy 98, just minutes from Pier Park and a short golf-cart ride to Front Beach Road and the Gulf. Low HOA of approx. $300/year. No short-term rentals.

117 Summer Breeze Road, Panama City Beach

Listing courtesy of Keller Williams Realty Emerald.

$489,999

3 Beds ⋅ 2 Baths ⋅ 796172 MLS

This gorgeous tropical home in Summerwood subdivision stands out above the rest! Inside you'll find 3 bedrooms and 2 full bathrooms, durable vinyl plank flooring, stainless steel appliances, and a comfortable, functional layout. Additional highlights include impact-resistant windows and a newer roof. Step outside to a lush tropical backyard offering a private coastal retreat with a built-in covered grilling area, pergola seating area, and quaint water features. Located on the west side of the Summerwood subdivision, the home is perfectly positioned to enjoy the colorful evening glow and lights of the beach area while still offering the feel of an established residential neighborhood. No Short Term Rentals. An excellent location for enjoying the beach and Pier Park shopping and dining.

214 Summerwood Drive, Panama City Beach

Listing courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida.

17757 Front Beach Road Unit 1406D, Panama City Beach

$395,000

1 Beds ⋅ 2 Baths ⋅ 796171 MLS

On the beautiful west end of Panama City Beach, Celadon is a great complex with amenities that create a great beach get away. Enjoy stunning views from the balcony, enjoy the pools and hot tubs, or enjoy the beach only steps from the elevator.

17757 Front Beach Road Unit 1406D, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

8743 Thomas Drive Unit 1222, Panama City Beach

$339,000

1 Beds ⋅ 2 Baths ⋅ 796161 MLS

Gulf-front condo at The Summit Beach Resort in Panama City Beach! This well-located unit offers beautiful Gulf views and direct access to the white-sand beach from one of PCB's established beachfront resorts. The Summit is a 15-story complex on Thomas Drive, close to restaurants, shopping, entertainment, and popular area attractions. Resort amenities include multiple pools, hot tubs, a fitness center, tennis and basketball courts, shuffleboard, saunas, on-site dining, a convenience/gift shop, and direct beach access. The condo offers a functional layout with a private balcony overlooking the Gulf, making it a great option for a primary residence, second home, or vacation-rental investment. Enjoy incredible sunsets, easy beach access, and the convenience of resort-style amenities right outside your door. The Summit's central Thomas Drive location keeps you close to everything Panama City Beach has to offer while still giving you the full beachfront experience.

8743 Thomas Drive Unit 1222, Panama City Beach

Listing courtesy of Fun Quest Vacation Rentals Corp.

$454,900

4 Beds ⋅ 3 Baths ⋅ 796154 MLS

This home includes 9' high ceilings in the main living area, bountiful natural light, granite/quartz countertops, and innovative technology. Breakfast Point in one of Panama City Beach's most desirable communities just 2.5 miles from the Miller County Pier over the Gulf of Mexico, and a safe walk through the neighborhood to Breakfast Point Academy. At Grove's Park and Paseo Park, you can enjoy the community's biking and walking trails.

717 Longpoint Way, Panama City Beach

Listing courtesy of Beach House Sales and Development.

$299,000

3 Beds ⋅ 2 Baths ⋅ 796135 MLS

Solid brick home, even better neighborhood, and a great opportunity in Panama City Beach's established Woodlawn community. Located at 306 Carolyn Avenue, this 3-bedroom, 2-bath home offers approximately 2,012 square feet of heated and cooled living space, plus an additional approximately 350 square feet in the enclosed sunroom/Florida room that is not included in the reported heated and cooled square footage. Inside, the functional single-story layout includes an open kitchen with breakfast bar, living and dining areas, a dedicated office or study, and flexible bonus space in the enclosed sunroom. The home provides a generous footprint for a buyer looking to update, renovate, personalize, or add value over time. Situated on an approximately 0.23-acre lot, the property features an established yard with irrigation and room for outdoor entertaining, gardening, pets, or future improvements. The Woodlawn neighborhood adds to the appeal with access to a community public boat launch area, while nearby JDF Marina offers added convenience for boat storage, slips, rentals, and access to area waterways, Shell Island, and the Gulf. Enjoy a central Panama City Beach location near beaches, boating, fishing, shopping, dining, entertainment, and everyday conveniences. Whether you are searching for a primary residence, second home, renovation project, or Panama City Beach investment opportunity, 306 Carolyn Avenue offers flexible space, boating access, and potential in a desirable established neighborhood.

306 Carolyn Avenue, Panama City Beach

Listing courtesy of Corcoran Reverie.

$439,535

4 Beds ⋅ 2 Baths ⋅ 796125 MLS

This home is under construction and features the Rhett floorplan. Enter through a bright entryway to find EVP flooring in the foyer leading to three guest bedrooms. Continuing through the foyer you will find an open and spacious living area. The kitchen serves as the heart of the home and features quartz countertops, beautiful white upper and lower cabinetry and a stainless-steel appliance package that includes a smooth top stove, microwave, and dishwasher. Enjoy spending time with guest and family comfortably with your open kitchen. The primary bedroom is located off the living area and has private ensuite bathroom with a large shower with glass enclosure, dual sink vanity with quartz countertops and lower cabinetry for storage, a separate water closet and large soak tub as well as a large closet. The guest bedrooms have spacious closets and share a full bathroom with shower and tub combination. Each bedroom has plush carpet and spacious closets. This home has a Home is Connected® Smart Home Technology Package. Enjoy afternoons or morning coffee from your covered back patio or relax on your front porch as you look out to your lawn and a flower bed off the entry walk.

561 Hancock Way, Panama City Beach

Listing courtesy of DR Horton Realty of Emerald Coast, LLC.

$475,760

5 Beds ⋅ 3 Baths ⋅ 796123 MLS

This home is move in ready and features the Kennedy floor plan. It has five bedrooms and three full bathrooms. As you enter the home, you will pass a hall leading to two guest bedrooms which share a full bathroom. At the heart of the home, you will find a grand open concept living area, brightly lit by the many windows and glass back door. The kitchen has a center island that looks out to the spacious living area and dining room. Modern features include quartz countertops, EVP flooring throughout the home and standard appliances include a stove, microwave and dishwasher. The kitchen also has a pantry and upper and lower cabinetry for storage. Nestled at the back of the home is a secluded hallway which holds the primary bedroom and an adjacent laundry room. The ensuite bathroom features a soak tub, a separate shower, a dual sink vanity with quartz countertops and lower cabinetry and drawers for storage. For your wardrobe, a large closet is in the primary bathroom as well as a separate water closet for privacy. There are two additional guest bedrooms and a shared bathroom off the dining room. Outside you will find a Hardie® siding exterior, a landscaped front entry and a two-car garage with remote access.

554 HANCOCK Way, Panama City Beach

Listing courtesy of DR Horton Realty of Emerald Coast, LLC.

$475,760

5 Beds ⋅ 3 Baths ⋅ 796122 MLS

This home is move in ready and features the Kennedy floor plan. It has five bedrooms and three full bathrooms. As you enter the home, you will pass a hall leading to two guest bedrooms which share a full bathroom. At the heart of the home, you will find a grand open concept living area, brightly lit by the many windows and glass back door. The kitchen has a center island that looks out to the spacious living area and dining room. Modern features include quartz countertops, EVP flooring throughout the home and standard appliances include a stove, microwave and dishwasher. The kitchen also has a pantry and upper and lower cabinetry for storage. Nestled at the back of the home is a secluded hallway which holds the primary bedroom and an adjacent laundry room. The ensuite bathroom features a soak tub, a separate shower, a dual sink vanity with quartz countertops and lower cabinetry and drawers for storage. For your wardrobe, a large closet is in the primary bathroom as well as a separate water closet for privacy. There are two additional guest bedrooms and a shared bathroom off the dining room. Outside you will find a Hardie® siding exterior, a landscaped front entry and a two-car garage with remote access.

360 Bartlett Cove, Panama City Beach

Listing courtesy of DR Horton Realty of Emerald Coast, LLC.

$492,645

5 Beds ⋅ 3 Baths ⋅ 796121 MLS

This is a two-story home offering a brightly lit open concept design on the main level with modern finishes throughout. Upon entering this home, you will find a bright study off the foyer that leads to the concept design living space. The open concept design seamlessly connects the living and dining areas to the kitchen making this floor plan ideal for entertaining or family gatherings. Elegant features dress the main level including EVP flooring throughout the main level common areas and carpet in each bedroom and upstairs hallways, elegant quartz countertops in the kitchen and bathrooms, soft-close cabinetry, and stainless-steel appliances that include a smooth top stove, microwave, and dishwasher. An exceptional feature of this home is a guest bedroom on the main level as well as a full bathroom which allows for guests to have their own private retreat. An exceptional feature of this home is the guest bedroom and full bathroom on the main level. The second level has an additional living area that is perfect for a game room or media area. The primary bedroom has a private ensuite bathroom which has a large soak tub, separate shower, double vanity with quartz countertops, and spacious walk-in closet. Leaving the primary bedroom, you will see the generously sized laundry room and another guest bedroom. Continuing along the hall you wind two additional bedrooms and a shared bathroom with a double vanity and separate water closet.

557 Hancock Way, Panama City Beach

Listing courtesy of DR Horton Realty of Emerald Coast, LLC.

Panama City Beach Homes under $500,000

Newest Panama City Beach Homes under $500,000